City Office REIT (NYSE:CIO) Releases Earnings Results, Beats Estimates By $0.40 EPS

City Office REIT (NYSE:CIO) announced its earnings results on Thursday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.40, Zacks reports. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.

City Office REIT Stock Performance

NYSE:CIO traded up $0.13 during midday trading on Thursday, reaching $5.22. The stock had a trading volume of 76,961 shares, compared to its average volume of 149,497. The firm has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $5.49. City Office REIT has a 12-month low of $4.02 and a 12-month high of $6.50. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The stock has a market cap of $209.58 million, a P/E ratio of -12.43, a P/E/G ratio of 0.85 and a beta of 1.98.

City Office REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.66%. City Office REIT’s dividend payout ratio (DPR) is presently -95.24%.

City Office REIT Company Profile

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.